The Nigerian equities market dropped by N2.83 trillion in its Week-on-Week ((WoW) trading activities last week as November 2025 maintained bearish onslaught on investors profit-taking in fundamental quoted companies on the Nigerian Exchange Limited (NGX).
The market capitalisation of listed equities declined by 2.89 per cent or N2.83 trillion to N94.998 trillion from N97.829 trillion it opened for trading activities last week.
Also, the NGX All-Share Index fell by 2.99 per cent WoW to close at 149,524.81 basis points from 149,524.81 basis points, reflecting sustained selling pressure as investors adjusted portfolios in response to geopolitical tensions surrounding the US-Nigeria diplomatic faceoff, year-end portfolio rebalancing, and expectations of window-dressing activities by institutional players.
The equities market analysts stated that, this week’s trading sessions may remain tentative, with investors prioritising profit‑taking and strategic capital reallocation to align portfolios with fiscal‑year targets.
The market extended its bearish momentum last week as profit-taking dominated trading sentiment amid a combination of domestic and external headwinds.
Capital market analysts attributed the downward movement in the Nigerian stock market to speculative trading by investors.
The chief operating officer of InvestData Consulting Limited, Mr Ambrose Omordion , attributed the downward movement in the stock market to panic trading by investors over President Donald Trump threats posted on social media.
He noted that foreign investors are expected to react by taking profit-taking in listed fundamental stocks.
He, however, urged investors to take positions in some of these stocks amid growing fundamentals of listed companies on the NGX.
Looking ahead, Cowry Asset Management Limited stated that, “the market is likely to remain cautious as investors continue profit-taking and reallocate capital in line with fiscal-year considerations.
“Although near-term volatility may persist, the impressive YTD gains suggest that underlying fundamentals remain relatively strong. Market direction in the coming weeks will likely be influenced by macroeconomic indicators, particularly inflation, exchange rate stability, corporate earnings updates, and liquidity flows from both local and foreign investors.
“However, investors are expected to maintain a selective approach, tilting toward fundamentally sound and defensive stocks capable of weathering short-term market swings.”
Afrinvest Limited said, “this week, we expect the market dynamics to remain bearish driven by weak investor sentiment across major bellwethers.”